December 31, 2018 / 10:08 AM / 5 months ago

Deals of the day-Mergers and acquisitions

(Adds Ophir Energy)

Dec 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Britain’s Ophir Energy said it is in discussions for a possible all-cash takeover offer with a unit of Indonesia’s Medco Energi Internasional Tbk PT.

** Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a spokesman for the billionaire’s hedge fund said.

** Private equity firm CVC Capital Partners is in exclusive talks with French peer Evolem to buy its majority stake in insurer APRIL, the companies said in a statement.

** The Government of Sharjah in the United Arab Emirates has made an enhanced offer to invest in struggling Invest Bank and the bank’s shareholders will vote on the deal on Jan. 8, the lender said.

** Israel’s banking regulator said Warburg Pincus had been found to be “fit and proper” to buy Bank Leumi’s credit card unit, paving the way for the deal to be completed.

** Italy’s top bad loan specialist doBank has agreed to buy 85 percent of Altamira Asset Management, valuing the entire company at 412 million euros ($472 million) in a bid to create a leading European credit manager.

** Saudi Aramco has completed its acquisition of a 50 percent stake in Arlanxeo, its Netherlands-based joint venture with chemicals firm Lanxess, to become the full owner of the company, it said in a statement.

** Azeri energy firm SOCAR is in advanced talks to acquire the energy business of Germany’s EWE in Turkey by the first quarter of 2019, an official for SOCAR and two sources familiar with the deal said. (Compiled by Mary Ann Alapatt and Debroop Roy in Bengaluru)

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